HomeLifestyleRetailAlibaba (BABA): The Slow Macro Recovery In China

Alibaba (BABA): The Slow Macro Recovery In China

Given the slow macro recovery in China, it's less clear how Alibaba's (BABA) FY24 will trend, according to Baird. The analyst raised its price target to $120 from $115 with an outperform rating. Alex Coffey and Jenny Horne discuss BABA. They compare BABA to other China stocks including JD.com (JD), Baidu (BIDU), and BYD Company (BYDDY). They then go over BABA's earnings. They also talk about the importance of the macro China story. Alex then demonstrates an example trade using BABA. The trade type is buy a call calendar and the direction is bullish. Tune in to find out more about the stock market today.

Next Gen Investing

11 Aug 2023

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